10-Q Filing

AIR T INC CIK: 353184 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-015492`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	airt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 116 Income Statement 56 Cash Flow Statement 90 Stockholders Equity 14 Comprehensive Income 24

Balance Sheet 116 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.75M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$290.45K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$269.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$18.83K	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.24M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.12M	USD	Point-in-time
Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$801.00K	USD	Point-in-time
Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$755.87K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$19.12M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$19.12M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.16M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.16M	USD	Point-in-time
Inventories, net	`InventoryNet`	$27.62M	USD	Point-in-time
Inventories, net	`InventoryNet`	$34.23M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted projects	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	-	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted projects	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.01M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.15M	USD	Point-in-time
Notes and other receivables-current	`NotesAndOtherReceivablesNetCurrentTotal`	$2.88M	USD	Point-in-time
Notes and other receivables-current	`NotesAndOtherReceivablesNetCurrentTotal`	$658.63K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.35M	USD	Point-in-time
Other tax receivables - long term	`NotesAndLoansReceivableNetNoncurrent`	$311.00K	USD	Point-in-time
Other tax receivables - long term	`NotesAndLoansReceivableNetNoncurrent`	$311.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.89M	USD	Point-in-time
Inventories, net (Delphax $0 and $0)**	`InventoryNet`	$27.62M	USD	Point-in-time
Inventories, net (Delphax $0 and $0)**	`InventoryNet`	$34.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.18M	USD	Point-in-time
Prepaid expenses and other (Delphax $58,898 and $72,269)**	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Prepaid expenses and other (Delphax $58,898 and $72,269)**	`PrepaidExpenseCurrent`	$1.15M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$61.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$60.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$11.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.42M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$31.32M	USD	Point-in-time
Investments in securities	`AvailableForSaleSecuritiesNoncurrent`	$2.84M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$38.86M	USD	Point-in-time
Investments in securities	`AvailableForSaleSecuritiesNoncurrent`	$1.03M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.42M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$2.36M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$2.37M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Other tax receivables-long-term (Delphax $311,000 and $311,000)**	`NotesAndLoansReceivableNetNoncurrent`	$311.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Other tax receivables-long-term (Delphax $311,000 and $311,000)**	`NotesAndLoansReceivableNetNoncurrent`	$311.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Investments in funds	`InvestmentsInFundsNoncurrent`	$324.85K	USD	Point-in-time
Investments in funds	`InvestmentsInFundsNoncurrent`	$314.03K	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$5.03M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Equity method investments	`EquityMethodInvestments`	$5.24M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$772.11K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$420.98K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.37M	USD	Point-in-time
Goodwill	`Goodwill`	$4.42M	USD	Point-in-time
Goodwill	`Goodwill`	$4.42M	USD	Point-in-time
Total Assets	`Assets`	$97.11M	USD	Point-in-time
Total Assets	`Assets`	$97.15M	USD	Point-in-time
Accounts payable (Delphax $2,160,817 and $2,145,847)**	`AccountsPayableCurrent`	$14.89M	USD	Point-in-time
Accounts payable (Delphax $2,160,817 and $2,145,847)**	`AccountsPayableCurrent`	$10.18M	USD	Point-in-time
Income tax payable (Delphax $11,312 and $11,312)**	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Income tax payable (Delphax $11,312 and $11,312)**	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Accrued expenses (Delphax $3,180,724 and $3,244,514)**	`AccruedLiabilitiesCurrent`	$11.74M	USD	Point-in-time
Accrued expenses (Delphax $3,180,724 and $3,244,514)**	`AccruedLiabilitiesCurrent`	$10.42M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$9.54M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$9.23M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$31.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$34.87M	USD	Point-in-time
Long-term debt (Delphax $0 and $0)*	`LongTermLineOfCredit`	$31.32M	USD	Point-in-time
Long-term debt (Delphax $0 and $0)*	`LongTermLineOfCredit`	$38.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$681.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$92.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$719.25K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$785.80K	USD	Point-in-time
Total Liabilities	`Liabilities`	$70.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$67.60M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.99M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$2.45M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,043,607 shares issued and outstanding	`CommonStockValue`	$510.90K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,043,607 shares issued and outstanding	`CommonStockValue`	$510.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-260.90K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-124.05K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$27.98M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$25.12M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-874.77K	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-903.87K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.16M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.07M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$97.11M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$97.15M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$60.87M	USD	1 Quarter
Operating Revenues	`Revenues`	$47.70M	USD	1 Quarter
Overnight air cargo	`OvernightAirCargo`	$14.56M	USD	1 Quarter
Overnight air cargo	`OvernightAirCargo`	$15.17M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$4.75M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$4.94M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$7.42M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$7.81M	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$145.53K	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$1.50M	USD	1 Quarter
Commercial jet engines and parts	`CommercialJetEngineExpense`	$10.07M	USD	1 Quarter
Commercial jet engines and parts	`CommercialJetEngineExpense`	$20.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$195.65K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.58M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$398.83K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.50M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$45.48M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$58.26M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.21M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.60M	USD	1 Quarter
Foreign currency gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-188.62K	USD	1 Quarter
Foreign currency gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.18K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`ImpairmentOfInvestments`	$771.17K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`ImpairmentOfInvestments`	-	USD	1 Quarter
Other investment income (loss), net	`InvestmentIncomeNet`	$30.65K	USD	1 Quarter
Other investment income (loss), net	`InvestmentIncomeNet`	$-315.51K	USD	1 Quarter
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-707.20K	USD	1 Quarter
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-149.52K	USD	1 Quarter
Unrealized gain on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Unrealized gain on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$97.34K	USD	1 Quarter
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$501.88K	USD	1 Quarter
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$1.98M	USD	1 Quarter
Equity in income (loss) of associated company	`GainLossOnSaleOfEquityInvestments`	$9.18K	USD	1 Quarter
Equity in income (loss) of associated company	`GainLossOnSaleOfEquityInvestments`	$-31.90K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$1.07M	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-608.69K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.60M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.67M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$387.00K	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$374.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$1.23M	USD	1 Quarter
Net Income	`ProfitLoss`	$3.28M	USD	1 Quarter
Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$261.49K	USD	1 Quarter
Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$453.42K	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$2.83M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$968.39K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.38	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.04M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.04M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.05M	shares	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.23M	USD	1 Quarter
Net income	`ProfitLoss`	$3.28M	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$-10.83K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$1.09K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-1.66K	USD	1 Quarter
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$405.30K	USD	1 Quarter
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$-91.55K	USD	1 Quarter
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$45.63K	USD	1 Quarter
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$20.95K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$398.83K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.50M	USD	1 Quarter
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$14.34K	USD	1 Quarter
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$15.78K	USD	1 Quarter
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$501.88K	USD	1 Quarter
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$1.98M	USD	1 Quarter
Warranty reserve	`IncreaseDecreaseInWarrantyReserve`	$-980.00	USD	1 Quarter
Warranty reserve	`IncreaseDecreaseInWarrantyReserve`	$27.71K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$771.17K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-322.48K	USD	1 Quarter
Unrealized gain on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Unrealized gain on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$97.34K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-29.56K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.07M	USD	1 Quarter
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$2.22M	USD	1 Quarter
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-811.21K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-11.32M	USD	1 Quarter
Prepaid expense and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-288.29K	USD	1 Quarter
Prepaid expense and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-380.03K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.05M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.94M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.98M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.21M	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-205.58K	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-355.19K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$75.53K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$47.24K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.37M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$11.43M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.14M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.72M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$784.44K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$30.48K	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.33M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.90M	USD	1 Quarter
Net cash used for equity method investments	`PaymentsToAcquireEquityMethodInvestments`	$197.53K	USD	1 Quarter
Net cash used for equity method investments	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of debt security	`PaymentsToAcquireHeldToMaturitySecurities`	$2.00M	USD	1 Quarter
Purchase of debt security	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$459.57K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$490.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$50.60K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.86K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.42M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.72M	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$28.93M	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$17.00M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$14.52M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$38.16M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$3.40M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$2.40M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$1.40M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$200.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfFinancingCosts`	$35.70K	USD	1 Quarter
Distribution to non-controlling member	`PaymentsToMinorityShareholders`	$47.05K	USD	1 Quarter
Distribution to non-controlling member	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.68M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.31M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.06K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.07K	USD	1 Quarter
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-874.54K	USD	1 Quarter
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$692.46K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.89M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.07M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.89M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.07M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.77M	USD	Point-in-time
Equipment leased to customers transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventoy`	-	USD	1 Quarter
Equipment leased to customers transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventoy`	$234.15K	USD	1 Quarter
Interest	`InterestPaidNet`	$629.26K	USD	1 Quarter
Interest	`InterestPaidNet`	$160.19K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$181.42K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$18.81K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.07M	USD	Point-in-time
Net income*	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$986.63K	USD	1 Quarter
Net income*	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$2.78M	USD	1 Quarter
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-95.00K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$134.79K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$47.66K	USD	1 Quarter
Redeemable non-controlling interest	`AdjustmentToAdditionalPaidInCapitalRedeemableNoncontrollingInterest`	$-25.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.07M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.23M	USD	1 Quarter
Net income	`ProfitLoss`	$3.28M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$134.79K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$47.66K	USD	1 Quarter
Unrealized net loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Unrealized net loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-920.31K	USD	1 Quarter
Tax effect of unrealized net loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-331.76K	USD	1 Quarter
Tax effect of unrealized net loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Total unrealized net loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-588.55K	USD	1 Quarter
Total unrealized net loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification of other-than-temporary impairment loss on investments, net of gains on sale of marketable securities, included in income (loss), before income taxes	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Reclassification of other-than-temporary impairment loss on investments, net of gains on sale of marketable securities, included in income (loss), before income taxes	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$771.17K	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$277.62K	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$493.55K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$39.79K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$47.66K	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.33M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.27M	USD	1 Quarter
Comprehensive (Income) Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$260.65K	USD	1 Quarter
Comprehensive (Income) Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$470.57K	USD	1 Quarter
Comprehensive Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$1.01M	USD	1 Quarter
Comprehensive Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$2.86M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.